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November 21, 2012

Poorest families hit hardest by income squeeze

The Independent reports that the 10 per cent of UK households with the lowest income – £8,000 or less – have seen the biggest rise in the rate of inflation over the past year when the impact of soaring university tuition fees is stripped out. These households faced inflation of 2.49 per cent in the year to October, compared to just 2.1 per cent for the richest 10 per cent. Click on the link to read the full article.